[ TRANSACTION RECORD ]

Bain Capital Investment in Bain Envestnet Platform — 2024

VERIFIED VECTOR ID: 002202 · tx-298
M SOURCE NODE — FUNDER
Bain Capital
Finance United States
$4,500,000,000
EQUITY
11/07/2024
Q DESTINATION NODE — RECIPIENT
Bain Envestnet Platform
SPV United States
Amount (USD)
$4.5B
Flow Type
EQUITY
Transaction Date
11/07/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Bain Capital
AUM 185000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Bain Envestnet Platform
Entity Type SPV
Jurisdiction United States
Intelligence Note

Bain Capital entered into a definitive agreement to acquire Envestnet for 4.5 billion dollars, taking the wealth management technology provider private to accelerate its innovation. This transaction is intended to scale the company’s digital financial advisory and fintech services. This deal underscores the institutional appetite for market-leading platforms in the financial technology space.

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Primary Forensic Source https://www.baincapital.com/news/bain-capital-to-acquire-envestnet/
✓ SOURCE LINKED